FACT ,,we're back to 2% ,,,,and many folks don't own stocks Raises are nice but nothing dramatic AND best of all Dump inherited a good economy
are unemployment levels at all time lows?
Is the DOW are record highs?
did Christmas on line sales break records this year?
Is the economy better now than in 2016? If you credit Obama, tell us exactly what he did that caused today's good numbers. did obama negotiate USMCA? Did Obama sit down with Kim? Did Obama eliminate regulations that were hampering US businesses? did obama pass a tax cut for all americans that pay taxes?
I would love to hear how obama caused this economic boom, bring it.
Did the trend continue, or change, under Trump?
Does the "greatest economy" in the history of economies need $1.1 trillion in deficit spending? I'm not a deficit hawk, but need or stimulus should drive deficit spending. Where do you think the US economy would be without it?
You want Trump to refuse to sign the appropriation bills passed by the House and shut down the government so they can add another article of impeachment? He's not going to do it. If you don't like Congressional spending, take it up with Pelosi and McConnell.
As for the labor economy, this is the best labor economy of our lifetimes. Obama's final Social Security report presumed 5.5% unemployment, and Trump's whipped that like a rented mule.
Did the trend continue or change?
Before the tax cuts were passed, Nancy Pelosi (D-Calif.)
predicted “Armageddon.” But, one year later, as GDP growth soared,
unemployment declined to a 50-year low and
working-class wages increased at the fastest rate in a decade, the best the Democrats could do was
claim the tax cuts were a “sugar high” and that, rather than a 2018 economic collapse, America faced a
2019 recession.
When Obama left office, the economy had 2 million more
people unemployed than job openings. Now there are millions more
job openings than people unemployed. And that is with the
unemployment rate at a 50-year low and
more people working than at any time in the nation’s history.
Trump has racked up so many consecutive months when the U.S. economy produced more job openings than there were people unemployed. This is the first time that happened so consistently since the Bureau of Labor Statistics began reporting the data in 2000. It didn’t happen once during the Obama administration.
Let’s look at what Obama-Biden bequeathed to the Trump administration on
wages. When they took office in January 2009, wages were growing at 3.6 percent — and that was during the recession. By May of that year, the number had dipped to 2.9 percent. There was not a single month throughout the remaining 91 months of the Obama administration when wage growth hit even 2.9 percent — and only two months when it managed to hit 2.8 percent. When Obama-Biden left office in January 2017, wage growth was 2.4 percent. That is their legacy on wages.
With employers in the Trump era competing for workers to fill plentiful job openings, the country in April experienced its ninth straight month of wage growth at or above 3 percent. A recent
survey of economists found that nearly 70 percent expected even faster wage growth over the coming year, and that Trump Strong wage growth has been delivered!
The Trump administration’s policies have finally produced the economic benefits that American workers should have experienced coming out of the recession but did not.
https://www.washingtonpost.com/opinions/2019/05/23/what-biden-gets-wrong-about-trump-economy/